E.f. Hutton Group Inc. New President

June 4, 1985|By John Babinchak II

E.F. Hutton Group Inc., whose brokerage unit pleaded guilty to mail and wire fraud last month in an extensive check-writing scheme, said Monday it named a new president as part of a reshuffling of top management. Who: Robert P. Rittereiser, 46, a 26-year veteran of Merrill Lynch & Co., the nation's largest investment firm. Also: He will be one of four executives making up a new office of the chairman. The others: Robert Fomon, Hutton's chairman and chief executive; Scott Pierce, president of E.F. Hutton & Co. Inc., the brokerage unit; and Thomas Lynch, who preceded Rittereiser as president and is now vice chairman.